The Surf Report--part 2

[marketsurfer]

Quote from Gabfly1:

So once a trade is going against you, you look for any reason to hold on rather than take a loss and move on. Even if it means using the very thing that you vehemently assert as being invalid and illusory as an excuse to hang on. Am I understanding you correctly?

Yes and no. I know it's not rational, yet it can provide some comfort in times of turmoil.

No excuses, I'll bail when the risk level is hit regardless-- just gathering opinions of all kinds primarily for irrational comfort.

 

[marketsurfer]

Quote from Lights:

unless involved in a trade with a set expiration, there is no such thing as right or wrong in the market because holding period is never constant.. there is only make or lose when you decide to close ur position. having said that, 2 traders can take the same exact trade and lot size and have 2 totally different outcomes.

No question about it.

 

[EPrado]

Quote from marketsurfer:



Once I am in a position, I'll call around to a few associates who believe in such things just to get an opinion or two particularly when I'm getting stretched the wrong way...... Heck, arch Crawford direct contact info is in my iPhone. Doesn't mean I pay what they say any mind or use such things as entry tools.

Arch Crawford ? The planet guy.

LOL...Surf....PLEASE stop.

 

[marketsurfer]

Quote from EPrado:

Arch Crawford ? The planet guy.

LOL...Surf....PLEASE stop.

Yeah, I interviewed him for my site. Interesting character with a solid wall street pedigree-- no joke.

I'll talk to anybody
Surf

 

[EPrado]

Quote from marketsurfer:



Yeah, I interviewed him for my site. Interesting character with a solid wall street pedigree-- no joke.

Surf

Listen, if talking to aliens gives one great buy/sell signals. God bless em.

I do know of traders who called his hotline everyday yrs ago. So he must have been on to something.

 

[Lights]

yes. these journals would actually have some meaning if the author actually tabulated realized profit/loss vs. spewing out entries points. otherwise, it's a right/wrong discussion which means nothing in real trading.

Quote from Gabfly1:

Are you suggesting that an accrued loss is only a "real" loss when a trade is exited?

 

[shortie]

Surfer, are you the primary designer of the system you are reporting in this journal? Or are you the trader/promoter?

 

[Lights]

when trading becomes black & white, right & wrong. trader will NEVER succeed. he will see many unrealized profits get cut in half or disappear entirely which never overcomes the losses which get larger. traders who look for right & wrong are looking for outsized returns in such a relatively short time period yet these events occur so infrequently.

 

[marketsurfer]

Quote from shortie:

Surfer, are you the primary designer of the system you are reporting in this journal? Or are you the trader/promoter?

Yes, it's 100% mine. Since 2002, knave only reported on my own systems.

Surf

 

[marketsurfer]

Quote from Gabfly1:

I agree. Surf, are you listening?

Pekelo seems to doing. A good job as surf report book keeper.

If anyone is interested , they can figure it out. I have been very clear with both wins and losses I'm not going to spoon feed. Anyone who has the sincere desire can do it.

surf